Obama on Redistribution and Jobs: Always Wrong, Never in Doubt

Let’s dig into the issue of whether the United Statesshould become more like France.

In a 2014 study for the National Bureau of Economic Research, Stanford University’s Robert Hall wrote about America’s sub-par economic performance. His opening line was basically a preemptive refutation of Obama’s claim – made during the State-of-the-Union Address – that the economy is strong.

“The years since 2007 have been a macroeconomic disaster for the United States of a magnitude unprecedented since the Great Depression.”

I don’t know that I would use “disaster” to describe the economy. That word would be much more appropriate for failed welfare states such as Italyand Greece.

More